Asia Pacific Medical Tubing Market Size & Outlook
Asia Pacific medical tubing market, 2018-2030 (US$M)
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Asia Pacific medical tubing market highlights
- The Asia Pacific medical tubing market generated a revenue of USD 2,948.0 million in 2022.
- The market is expected to grow at a CAGR of 7.4% from 2023 to 2030.
- In terms of segment, polyvinyl chloride was the largest revenue generating product in 2022.
- Fluoropolymers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 2,948.0 million |
| Market revenue in 2030 | USD 5,225.6 million |
| Growth rate | 7.4% (CAGR from 2022 to 2030) |
| Largest segment | Polyvinyl chloride |
| Fastest growing segment | Fluoropolymers |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Silicone, Polyolefins, Polyimide, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Other Products |
| Key market players worldwide | Asahi Group Holdings Ltd, MDC Industries, Nordson Corp, TE Connectivity Ltd, Freudenberg, Spectrum Plastics Group, Zarys International Group, Hitachi Cable America, NewAge Industries, Atag |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.1% of the global medical tubing market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,225.6 million by 2030.
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Medical Tubing Market Scope
Medical Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific medical tubing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical tubing market will help companies and investors design strategic landscapes.
Polyvinyl chloride was the largest segment with a revenue share of 30.39% in 2022. Horizon Databook has segmented the Asia Pacific medical tubing market based on silicone, polyolefins, polyimide, polyvinyl chloride, polycarbonates, fluoropolymers, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare industry in the region is expected to witness steady growth over the forecast period. Major factors contributing to the growth include growing healthcare infrastructure, including hospitals and clinics, coupled with an increasing number of people opting for home care facilities, and rising medical tourism in the region.
Moreover, growing population and increasing geriatric population are other factors that are likely to boost the demand for healthcare services, which, in turn, is anticipated to drive the demand for medical tubing over the forecast period.
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Target buyers of Asia Pacific medical tubing market databook
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Our clientele includes a mix of medical tubing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific medical tubing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific medical tubing market size, by country, 2018-2030 (US$M)
Asia Pacific Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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